金融界首页>行情中心>晨鸣纸业>个股公告> 正文

-

-
(-%)
当前价  
当前价  
当前价  

个股公告正文

晨 鸣B:2018年半年度报告摘要(英文版)

日期:2018-08-28附件下载

    Stock code:000488, 200488 Stock abbreviation: Chenming Paper, Chenming B Announcement No.: 2018-120
    
    Shand2o0n1g8CInhteenrmiminRgePpaopretrSHumolmdianrgys oLfimited
    
    I. IMPORTANT NOTICE
    
    fTinhaisnciniatlerpimosirteiopnoratnsdumplmanarfyorisfuerxthtrearctdeedveflroopmmtehnet, tienxvteostforthseshinotuelrdimcarreepfuolrlty. Freoardththeeftuelxl tuonfdethrsetainndteirnigmorfepthoertoppuebrlaitsihnegdroesnutlhtse,
    
    media as designated by the CSRC and the website of The Stock Exchange of Hong Kong Limited.
    
    N□oAnp-pstlaicnadbalred√auNdoittoarp’sploipcainbiloen
    
    rPelpaonrstifnogr pperorifoitddistribution on ordinary shares or conversion of capital reserves into share capital proposed to the Board during the
    
    □Applicable √ Not applicable
    
    rTehseerCveosm. pany does not propose distribution of cash dividends or bonus shares, and there will be no increase of share capital from
    
    P√lAanpspfliocrapbrloef□it Ndiosttraibpuptliiocnabolen preference shares for the reporting period approved by the Board
    
                           Distributed  Whetheritisincompliance    Wayof   Whetheritwasan   WhetheritDateof     Dividend    amount    withtheconditionsandthe   dividend     accumulated    participatesinDistributionRatio                relevantproceduresof                           distributionof
                          (taxinclusive)       distribution        payment      dividend    remainingprofit
    II1.9MBarAchS2I0C18INFO4.R36M%AT98I,O10N0,00A0.B00OUTTHEYeCsOMPANY  Cash         No          Yes
    
    
    1. Company profile
    
    Stock abbreviation         晨鸣纸业, 晨鸣B                     Stock code             000488, 200488
    Stock abbreviation         晨鸣优01,  晨鸣优02 and 晨鸣优03     Stock code             140003, 140004,140005
    tShteocskhaerxecshaarnegleissteodnwhich  ShenzhenStockExchange
    Stock abbreviation       ChenmingPaper                   Stockcode           01812
    tShteocskhaerxecshaarnegleissteodnwhich  TheStockExchangeofHongKongLimited
    tLheegCalonmapmaenyinChineseof   山东晨鸣纸业集团股份有限公司
    LofegthaelsChoomrtpnaanmye(iifnaCnyh)inese晨鸣纸业
    LtheegCalonmapmaenyin(iEfnagnlyis)hof   SHANDONGCHENMINGPAPERHOLDINGSLIMITED
    LofegthaelsChoomrtpnaanmye(iifnaEnyng)lish SCPH
    LCeogmaplarenpyresentativeofthe  ChenHongguo
    
    
    2R.etrosMpeactjiovre afidnjuasntmceianlt tdoaotrareasntadtefminenatnocfitahleiancdcoicuanttionrgsdata for prior years by the Company
    
    □ Yes √ No
    
                                     Thereportingperiod      TphereiocdororefstphoenpdriinogrrepInocrtrienagsep/edreicordeaassecfoomrpthaered
                                                             year       tothecorrespondingperiodoftheprioryear
    Revenue (RMB)                           15,551,334,039.89   13,749,235,007.24                13.11%
    tNheetCpormofpitanayttr(iRbMutaBb)leto shareholders of          1,784,631,025.31    1,745,514,838.23                 2.24%
    Nloestsespraotftirtibuaftatebrleetxotrasohradreinhaorlydergsaionfsthoer         1,537,896,765.44    1,623,294,558.21                -5.26%
    Company (RMB)
    (NReMtBca)shflows from operating activities          4,745,037,920.91    -4,112,941,768.39               215.37%
    Basic earningspershare(RMBpershare)                   0.36             0.50                -28.00%
    sDhialurete)dearnings per share (RMB per                   0.36             0.50                -28.00%
    aRvaeteragoefbreatsuisrnon net assets on weighted                  5.77%           7.24%                -1.47%
                                  Asattheendofthereporting   Asattheendofthe  repInocrtrienagsep/edreicordeaassecfoomrpthaered
                                         period              prioryear     tothecotrhreespproinodriynegarperiodof
    Total assets(RMB)                        107,076,479,252.92  105,625,096,076.92                 1.37%
    NtheetCaosmseptsanayttr(iRbMutaBb)leto shareholders of          27,677,164,106.02   27,778,529,074.90                -0.36%
    
    
    Explanation:
    
    divid①endNs eotf pprroeffietreanttcreibsuhtaarbelse ptoaidshaanrdehdoelcdlearrsedoftothbee Cpaoimd.pWanhyendoceaslcnuolat teinxgclfuidneantchiealeifnfdecictaotofrisnstuercehstasofeaprenripnegtsuaplerbsohnadrse aanndd tthhee
    
    rRaMteBo1f7r2e,t1u4r3n,3o9n7.n2e6t aasnsdetsthoendwiveidigehntdedonaveprraegfeerebnacseis,shthaereisntpeariedstafnodr pdeercplaertuedal tboonbdespfariodmin1 2Ja0n1u8aroyf 2R0M18Bt5o623,081J6u,n0e062.08108aoref
    
    deducted.
    
    total ②ordPinuarrsyuasnhtarteo cthaepiptarlofoift 1d,i9s3tr6ib,4u0ti5o,n46p7lasnhaorfesthaesCaot mthpeaennydfoofr 22001177, aapcparsohveddivaidt ethned 2o0f1R7MaBnn6u(atlaxgeinnecrlaulsimvee)etpienrg,10bassheadreosnwthaes
    
    dshisatrreibsuftoerdevtoeroyrd1i0nashryarsehsahreelhdo.lTdehressahnadreacacpaiptaitlaolifsathtieonCoismsupeantyo ionrcdrienaasreyd sbhyar9e6h8o,2ld0e2r,s73w3asshmaraedse. Coourtreosfpothnedicnagpiatdajlursetsmeervnetss woefr5e
    
    3al.soTmotaadlentoutmhebeearrnoinfgsshpaerr eshhaorledfeorrsthaensdamsehpaerreiohdolladstinygeasr.
    
    Unit: share
    
    sThoatarelsnausmabtetrheofesnhdaorefhtohledreerpsoorftionrgdipnearriyod11o19f1,H3,04s36h9aw,reeosrfewhohlidcehrs9o1f,3B23shwaereresahnodld3e7rs0woferAehsohladreerss,rTweoipttohalrrtneinusgtmoprbeeedrriovodofts(inihfgaarrenihygo)hltdaesrsatofthpereefnedreonfcteheshares0
                                       Shareholdingsoftoptenshareholders
             Nameofshareholders         Natureofshareholders  PsheracreenhtoalgdeinogfsNhuamrebsehreoldfNumsbhearroefsrheesltdrictedStaStuhsaroefpshleadrgesedorlocNkeudm-ubper
    CHENMING HOLDINGSCOMPANYLIMITED    State-ownedlegalperson     15.13%  293,003,657           0   Pledged     225,717,161
    HKSCC NOMINEESLIMITED             Overseaslegalperson      12.84%  248,678,750           0
    CHENMING HOLDINGS(HONGKONG)LIMITED  Overseaslegalperson      12.54%  242,754,375           0
    CENTRAL HUIJINASSETMANAGEMENTLTD.   State-ownedlegalperson     2.07%  40,137,900           0
    CCHONINSATRUUNCIVTEIORNSABLAFNUKN-DC-HCINHAINLAIFEINSURANCE
    -ECNHTRINUASTLEIFDETINOSCUHRIANNACUEN’SIVEEQRUSIATLYFPUONRDTFOLIOOthers              0.47%   9,134,240           0
    FVUANNDGUARDEMERGINGMARKETSSTOCKINDEX Overseaslegalperson       0.44%   8,608,238           0
    JIN Xing                        Domesticnatureperson      0.44%   8,510,117           0
    EASGSREINCCUELTCUORMAPLABRAANTIKVOEFACDHVAINNATALIGMEITFELDEX–IBLE
    AINLVLEOSCTAMTEIONNTOFUFNHDYBRIDSECURITIES       Others              0.39%   7,646,407           0
    I-NCDHUINSATRUINAILVAENRDSACLOFMOMCEURSCEDIAGLRBOAWNKTHOFFUCNHDINAOthers              0.39%   7,500,009           0
    CCHHIINNAACUONNIVSETRRSUACLTEIONNVIBRAONNKMCEONRTPPORROATTEIOCTNIO-N Others              0.36%   7,000,026           0
    INDUSTRYFUND
                                 Ashareholder, Chenming Holdings (Hong Kong) Limited, which is an overseas legal person, is a wholly-owned
    Camononnegcttheedarebloavtieosnhsahriephoorldceornsnectedpartyrelationship  spCueobrmssoipdnaisanriayecstoiPnfrgaocisnehdacuroernehcso.eldrStearuv,neCdfheorernAtmhdeimnagbinoHivsoetrl,adititinoigsnsnoCoftoDamwipsacarlneoysthuLarietmaointfyedIon,tfwhoerhrmicsahhtaioirsenhaoosnltdaettherse-ooCwfhntareanddgaleebgloeaflsShphaearresreoshnao.rleHdpienengrcsseo,inntshLeacyistitanerdge
    4. Changeofcontrollingshareholdeinrcsonocrertbanedniseaflsiocnioatlawcaorenthtartaonlyloethresrshareholdersoftradablesharesareconnectedwitheachother.
    
    
    The change of controlling shareholders during the reporting period
    
    □Applicable √ Not applicable
    
    There was no change of controlling shareholders of the Company during the reporting period.
    
    Change of beneficial owner during the reporting period
    
    □Applicable √ Not applicable
    
    T5.heTreotwaalsnnuomchbanegreooffsbheanerfeichioalldowernserooffpthreefCeormenpacneysdhuarirnegsthaenrdeptohrteintgoppetrieond.holders of preference shares
    
    √Applicable □ Not applicable
    
    Unit: share
    
    Tshoatarelsnausmabtetrheofesnhdaorefhtohledreerpsoorftipnrgefpeerreinocde                                                  7
                                       Toptenholdersofpreferenceshares
              Nameofshareholders              Natureofshareholders      shParreefheroelndcinegNumbsehraroefsphreelfderenceStaStuhsaroefpshleadrgesedorloNckuemdb-uepr
    MBEAINJIANGGEYMIBEENNTZCHOO.,NLGTDX.INGINVESTMENT      Domesticnon-state-ownedlegalperson     27.78%      12,500,000   Pledged     12,500,000
    BTRAUNSKTOCFOC.,OLMTDM.U-HNUICIALTINIOON.1S6I7NSTIENRGNLAETCIOANPIATLALOthers                     22.44%      10,100,000
    TRUST
    BTRAUNSKTOCFOC.,OLMTDM.U-HNUICIALTINIOON.1S3I6NSTIENRGNLAETCIOANPIATLALOthers                     14.22%       6,400,000
    TRUST
    QWIELAULBTAHNMKACNOA.,GLETMDE.-NQTIPLRUOBDAUNCKTQSUERAINEXSINOthers                     13.33%       6,000,000
    HENGFENG BANKCO.,LTD.              Domesticnon-state-ownedlegalperson      11.11%       5,000,000
    SLTHDA.NGHAISTATE-OWNEDASSETSOPERATIONCO., Domesticnon-state-ownedlegalperson      6.67%       3,000,000
    INNCTFE-RMNAINTSIOHNENAGLTBRAUNSKT-–CCHHININAAFFOORRTTUUNNEEOthers                      4.44%       2,000,000
    TRUSTMIN XINNO.11SINGLECAPITALTRUST
                                  Theaforesaidholdersofpreferenceshares,“BANKOFCOMMUNICATIONSINTERNATIONALTRUSTCO.,LTD.
    Camononnegcttheedarebloavtieosnhsahriephoorldceornsnectedpartyrelationship    -CawOHa.Ur,eILLtThIDaNt.wO-h.H1eU6th7IeLrSIIthNNeGOreL.1iE3s6aCnSAyIPNcIoGTnALnELecCtTeARdUPreISTlaTAt”iLoanTnshRdiUp“BSoTAr”cN,oKanrneOecpFteerdCsoOpnaMsrtaMycrtUienNlagItiCionAncsThoIinOpcNearmSt.oISnNagTvteEhRefoNrreAtmhTeaIiOnabiNnogAveLh,oTiltdReisUrsnSooTft
    6. CorporateBonds              preferenceshares,andbetweenthetoptenholdersofpreferencesharesandthetoptenholdersofordinaryshares.
    
    
    Aofreinttheerirme arneypocrotroprooravteerbdounedbsuot fnfoetrefdultloy tsheettpleudb?lic and listed on stock exchanges which do not become due as at the date of approval
    
    (Y1e)s Basic information on corporate bonds
    
                                                                          Outstanding
               Nameofbond              Bond     Bondcode     Maturitydate     amountofthe   Interestabbreviationbonds       rate
                                                                         (RMB’0,000)
    SThhaenpduobnlgicCishseunamncinegoPfathpeercoHroplodriantgesbLoinmdsiteodf17Chenming
    to qualifiedinvestorsin2017(trancheI)       Bond01     112570     21August2022      120,000     6.50%
    SThhaenpduobnlgicCishseunamncinegoPfathpeercoHroplodriantgesbLoinmdsiteodf18Chenming   112641                      90,000      7.28%
    to qualifiedinvestorsin2018(trancheI)       Bond01               29March2023
    
    
    (2) Major financial indicators of the Company as at the end of the reporting period
    
                                                                      Increase/decrease asattheend
             Item           Asattheendofthereporting  Asattheendoftheprioryear    ofthereportingperiodasperiodcomparedtotheendoftheprior
                                                                               year
    Current ratio                              86.70%                 86.32%                  0.38%
    Gearing ratio                             72.95%                 71.34%                  1.61%
    Quick ratio                               75.88%                 75.80%                  0.08%
                                                                        Increase/decrease ofthe
                              Thereportingperiod    Thecorrespondingperiodofthe reportingperiodascomparedtoprioryear         correspondingperiodofthe
                                                                             prioryear
    EBITDA interestcoverageratio                   2.98                   4.04                -26.24%
    Loans paymentratio                        100.00%                100.00%                  0.00%
    Interest paymentratio                       100.00%                100.00%                  0.00%
    
    
    1II. IO. pDeriastciounssdiuorninagntdheArnepaolyrtsiinsgopfeOripoderations
    
    Whether the Company needs to comply with the disclosure requirements of specific industries
    
    No
    
    Dstaubriinligtyt”heanrdepcoormtinmgitpteedrioidts,etlhfetoC“otmeapmanybueisldtainbgli,shmeadnaangdemimenptleemnhenantecdemneewnt,moauntastgaenmdienngt cbounscineepstsbpyearfdohremrianngcetoatnhde gmoaoidn rtehseumltes”o.fIt“ahcahsiecvoimngplgertoewd tvhaarimouids
    
    works on maintaining stable operation, promoting growth, adjusting structure, preventing risk exposures and formulating favourable policies for employees.
    
    aInchtiheevefdirsrtevheanlfueofof20R1M8,Bt1h5e,5C5o1mmpailnliyonc,oma pyleeatre-dont-hyeeaprroidnucrcetiaosne ooff 1m3a.c1h1i%ne. -TmhaedeCopmappearnoyfr2ec.4o0rd5e1dmoiplleiroantintogncnoesstswoitfhRsMaleBs1o0f,226.027m3i8llimonil,liaonyetaorn-noens-yaenadr
    
    i6n.6cr5e%aseanodf 121.2.847%%f.rToomtatlhperopfriitoarnydenare.t TphroefiCt oatmtrpibauntya’bsletottoaleqasusietytshaomldoeursntoefdthtoe CRoMmBp1a0n7y,0w7e6remRilMlioBn2.,2T1h7e mCiolmliopnanayndexRpMerBie1n,c7e8d5 smtailbllieondreevseploecptmiveenlyt ,aucprobsys
    
    businesses with ever improving management systems, which were shown in the following aspects:
    
    (I) Sales management
    
    CFaocminpganthy,eacboidmepdlebxy athned wevoerkr-icnhganthgeimnge mofa“rksoetlidcofnoduintidoantsio, nth, eneswaletaslesnytsst,emguaprearnstiesteednitlmypelexmeceuntteadtiothneadnedcisstrioicnt eavnadlupalatinonni”nganmdabdreokbeyntehwe gmraonuangdesminentet romfsthoef
    
    apnridceadeljeuvsatmtioennt, mtoartkheet acpopnrsatrisuacltioanndanindcnenewtivperoscdhuecmt deesvaenlodpmmeanrkt.eTt-hbraosuedghpienrcsroenanseeld ibnutesginraetsisonk,nothweleCdogme tpraaninyinegnhaanndcoedutwteaarmd bbouuilnddintgraiannidnge, loepvtaitmedizatetiaomn
    
    cCoohmespiavneynesssteaanddilystreennhgathn.ceBdy mwaayrkoetf dceovnesltorupcintigond.ireTcht-esaCleocmupsatonmyeresn,hpaenrcfeedctinmganthaegecmhaennntelovbeurildaicncgouanndtshroelcdeinivgaabnlen,uahleciguhstteonmeedr spirgenpianygmceonntfeorepnecraetsi,otnhse,
    
    standardised its customer credit management and improved its prevention against market risks.
    
    (II) Product management
    
    hTahzearCdosmanpdaneylevpalutignggedproucpesmsasnaafgeteymceonnttrloolo;pahnodleesnbsuyreidmpurpo-tvoi-nsgtatnhdearsdafeemtyismsioannabgyemopentitmsiyzisntegmo,peenrahtaionncitnegchsnaifqeutye,eednuhcaantcioinngtrthaieniidnegn, tiidfiecnattiifoyninogf ppootteennttiiaall
    
    eenffvicirioenntmoepnetraaltihoanzadrudrsi,ngretahl-etiymeearstuhproeruvgihsiostnreonfgtphoelnluetdanmtaenmagisesmioennta,ncdonctlraorlifaynindgapopnrathisealc.oTnhtreoCl otamrgpeatnsyanaldsostcaonnddaurdcste. dTphreodmuaccthioinnecsawpaecrietyuenndhearnscteambleenatnind
    
    aitpspoliwcantiopnulopfpnreowdutcetcihonno, laodgjiuesstaenddprraowdumctatsetrriuaclstutroe,imfopcruosveedefofnicitehnecdy.evelopment of products with high efficiency, optimised techniques and promoted the
    
    (III) Finance and capital management
    
    TenhseuCreodmepfafincyiecnotnlsitqruuicdteitdy aoffintahneciCaol mbupsainnyes’ss scyasptietmal wthirtohuaghmoernehraenacsionngabthlee sptrluacntnuerde tmhraonuagghemacetnivteobfurseinveesnsueexapnadnseioxnpeanndditsutrreictarsiswkeclolnatrsodl.isTphaetcChoinmgpaanndy
    
    mcoaminptialiendedannaolyrmsisaloonptehreatciaopnitoafl;thinecCreoamsepdatnhye bayppwliacyatoiofn, aomf onnewg otythpeerss,oof fdfisrheocrtefifninanancicningginasgtrauinmset ndtosm, weshtiicchgbuoaorastnetdeebaanndk fbiinllanocfinexgcahnadngloewtoerceodnidnutecrtefsotrceoigstn;
    
    einxtcohadnegveelfoipnmanecnitngfinuanndceirallocwooipneteraretisotnraatge;repermomenottewditthhethime pClheimnaenDtaetvioenloopfmpernetfeBreanntkiaalnpdolaicbieasn;ka-nedntsetrepprpiseedsutrpateefgfoicrtcsoionpceoraotpioernatfiroanmwewithorbkaangkrsebemy eennttewriinthg
    
    Guangdong Nanyue Bank, obtaining additional credit facilities of over RMB40.0 billion.
    
    (IV) Project construction
    
    Tmhaegnpehsaisae. WI oefifathnegmSaimgneeDsiaterbmyiWninesgt pProorjtecatnodfthHeainmewinlgy Mcoinnsintrgucctoemd mpoerntciendHoupaenragtgioannginhaJavneuoafrfyic2ia0l1ly8,cporminmciepnaclelyd eonpgeargateidonin, wthheicphrocdouncstiisotennotlfyhliogwh-eprsurtihtye
    
    plorgoijsetcitcsofanSdhotruagnuspanogrtaMtioenilucnosatnsdofthreaw30m0,a0te0r0iatlosnannedwfionoisdhepdulppropdroujcetcst. TofheH4u0a0n,g0g0a0n-gtonCnheencmheimngicparlopgurlepssperdojsemctooanthdly51a0c,c0o0r0ditnognntoe hthigehs-cehnedduculel,tuwrehipcahpeisr
    
    sccohgeednuelreadtiotno pcroomjecmteanrecestiolpl einrantiaosncebnet fsotaregetsh.eTheendcoomfm2e0n1c8e.mVenistcoofseopfeirbarteionanadndanimciplllaermyenptraotdiounctoiofnthfeaacbiloitvieesprporjoejcetcstwoifll Hpluayanaggvaenryg imCphoenrtmanint grolaenidn tthhee
    
    tsruasntsafionramblaetidoenvealnodpmuepngtraadnidnagchdiuerviningg tthhee ssttrrautcetguircalobajdejcutisvtmeseonft tohfe CthoemCpoamnyp.any in elevating the vertical extension capacity of the Company, promoting
    
    (V) Corporate management
    
    TThhee CCoommppaannyy accotnivseislytencatlryriesdtreonugtthperonceedssitasnsdupinefrovrimsioantioanndcoinnsstprueccttiioonn, aesnhwaenlcleadswsoyrskteinmg iemffpicroievnecmyeannt,d epnrhoamnocteedd tmheanmagaenmageenmt erenftosrmystaenmd asynsdtehmieruaprgcrhaidcael.
    
    meleavnaatgienmg etnhte amndanfaugrethmeernsttaqnudaalritdyizaenddinbtuesrninaelsms asnkailglsemoefntth.eMsutalftifp. lTe hseesCsioomnspaonfyspmeacdiael atrcatiinviengefwfoerrtse toorgiamnpizreodvetoitlseaprenrfnoermwacnocnecaeppptsraaisnadl,nreewmumneetrhaotidosn,
    
    incentive and the promotion systems, introduced outstanding talents and inspired the enthusiasm and creativeness of the staff.
    
    Year-on-year changes in major financial information
    
    Unit: RMB
    
                            DuringptehreiordeportingDpuerriinogdtohfetchoerrpersiopronydeianrgIncrease/decrease         Reasonforthechange
    Revenue                     15,551,334,039.89     13,749,235,007.24      13.11%Mainlyduetotheyear-on-yearincreaseinthepricesofmachine-madepaperoftheCompany.
    Operating costs                 10,259,884,918.86     9,171,066,988.49      11.87%
    Selling anddistributionexpenses         605,463,325.71      641,498,275.35       -5.62%
    Administrative expenses              972,856,522.65      856,354,999.17      13.60%
    Finance expenses                1,498,828,444.69     1,055,396,506.36      42.02% Mainly due to the year-on-year increase in thefinancingcostsoftheCompany.
    Income taxexpenses                434,202,112.50      331,253,327.08      31.08% pMroaivnilsyionduefortoitnhceomyeear-taoxn-yeeaxrpeinnscerseasaesinsotmhee
                                                                companiesturnedaroundfromlossestoprofits.
    Investments inresearchanddevelopment     478,014,854.10      446,835,957.44       6.98%
    Net cashflowsfromoperatingactivities     4,745,037,920.91     -4,112,941,768.39      215.37%MainlyduetothenetreturnsofthefinancialleasingbusinessoftheCompany.
    Net cashflowsfrominvestingactivities      -470,806,697.24      -363,428,930.29      -29.55% Mainly due to the year-on-year increase ininvestmentinconstructioninprogress.
    Net cashflowsfromfinancingactivities     -3,577,622,905.43     5,025,392,453.07     -171.19%Mainly due to the increase in restricted bankdeposits.
    Net increaseincashandcashequivalents     726,576,915.27      441,630,376.91      64.52%
    
    
    2(1.)ERveeanstosnrefloarticnhgatnogtehseinfinacacnocuianltirnegpoprotlicies, accounting estimates and accounting methods as compared to
    
    t□hAepfpilnicaanbcleia√lNroetpaoprptlifcoabrlethe prior accounting period
    
    (D2u)riRngeathseornepfoorrtinrgetpreorisopde, cnotivchearnegesstawteerme menatdetotocaocrcroeuncttinmgapjoolirciaesc,caocuconutnitninggeersrtiomrastedsuanrdinagcctohuentrinegpmoretthinogdsp. eriod
    
    □DuArpinpglicthaeblreep√oNrtiontgappperliicoadb,lneo major accounting errors needed to be corrected through retrospective restatement.
    
    (f3o)r Rtheeasporniofroarccchoaunngteinsginpescroiopde of the consolidated financial statements as compared to the financial report
    
    √Applicable □ Not applicable
    
    ① Newly established subsidiary Unit:RMB’0,000
    
     Nameofcompanies   estaDbalitsehomfent             Operatingscope                RecgaipsittearledPsheracreenhtoalgdeinogf
                                pFuinracnhcaisaeloflelaesaisnegdpbroupsienretyss;indoopmereastitnicganldeafsoinregignbumsainreksest;;
    FBieniajinncgiaClhLeenamsiinngg17May2018   dprisoppoesratyl;olfeaasnindgmtraainntseancatinocnecoofnsruelstiadtuioanl;veanlugeagoemfelneatseidn
    Co., Ltd.                       coopmermateiorncisa.l(Fofarcptororijnecgtssbuubsjiencetsstoarpeplartoevdalatosreiqtsuirepdribnycipthael100,000.00     100%
                                alapwp,rovthaelibryothpeerraetlienvganatcatuivthitoieristiecsa)nonly commence upon
    
    
    ② Disposal of subsidiary Unit: RMB
    
       Name of     Considerationof Shareholding Method Timeofloss detBearmsisinfaotrionconsidDeirfafetiroenncaendbesthwaereenofdinseptoassasletsof
       subsidiary    equitydisposal   ofequity  ofequitydisposaldisposal  ofcontrol   oftimeof     therelevantsubsidiaryasperthelossofcontrol   consolidatedfinancialstatements
    CXhuecnhmanigngPaper   30,000,000.00     30%   Transfer January2018ETqraunitsyfer                  13,717,571.88
    Co.Ltd.                                             Agreement
    
    
    The Board of Directors of Shandong Chenming Paper Holdings Limited
    
    27 August 2018

关闭